Friday, May 11, 2007

Treasuries Little Changed as Retail Sales Decline, Business Purchases Gain

(Bloomberg) -- Treasuries were little changed after a government report showed retail sales in the U.S. fell in April for the first time in seven months while business sales jumped the most in a year.

The Commerce Department's report on business sales also showed inventories unexpectedly dropped, suggesting the economy may be bolstered by companies in a position to boost orders and production in coming months.


Read more at Bloomberg Bonds News

No comments: